SEC Form 4 · accession 0001025996-17-000043
KILROY REALTY CORP · KRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey C Hawken
Officer — EVP and COO
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 8:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001025996
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $0.01 per share | Feb 6, 2017 | M | 1,687 | $0.00 | A | 376,977 | D | |
| Common stock, par value $0.01 per shareF1 | Feb 6, 2017 | F | 1,687 | $73.30 | D | 375,290 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Feb 3, 2017 | A | 2,513 | A | — | — | Common Stock | 2,513 | 95,339 | D |
| Restricted Stock UnitsF2,F4 | — | Feb 3, 2017 | A | 22,032 | A | — | — | Common Stock | 22,032 | 117,371 | D |
| Restricted Stock UnitsF5,F6 | — | Feb 6, 2017 | M | 1,687 | D | — | — | Common Stock | 1,687 | 115,684 | D |
Explanation of responses
- F1Restricted stock units tendered to pay tax withholding.
- F2Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F3The reporting person was awarded performance units in 2015 covering a three-year performance period ending December 31, 2017. The reporting person previously reported the minimum number of units subject to the award eligible to vest based on 2015 performance. The number of units reported reflects the additional minimum number of units eligible to vest based on 2016 performance. The units remain subject to additional time-based vesting requirements. Up to an additional 6,253.3874 units may vest following 2017 based on the Issuer's relative total shareholder return for 2017.
- F4The reporting person was awarded performance units in 2016 covering a three-year performance period ending December 31, 2018. The number of units reported reflects the minimum number of units eligible to vest based on the Issuer's funds from operations per share and relative total shareholder return for 2016. The units remain subject to additional time-based vesting requirements. Up to an additional 22,029.5964 units may ultimately vest after the three-year performance period based on the Issuer's relative total shareholder return for 2017 and 2018.
- F5Each restricted stock unit represents a contingent right to receive one share of Issuer common stock and may be settled in cash under certain circumstances.
- F6The restricted stock units vest over a four-year period starting on January 5, 2015, subject to continued employment with the Issuer on the applicable vesting date.